Business AwarenessThis unit provides students with an understanding of the business, its environment and the influence that this has on an organisations structure, the role of its accounting function and its performance. Learning outcomes: Understand business types, structures and governance, and the legal framework in which they operate Understand the impact of the external and internal environment on businesses, their performance and decisions Understand how

a technical topic will not usually be retested in this module in a comprehensive computational question if it has already been tested in detail in either of the other two tax exams

Apply relevant regulations and standards in accounting

cost control and strategic decision making

whether organised in corporate or in other forms

Internal Accounting Systems and Controls

and/or FRS 105

Learn how ethical standards underpin assurance work in a rapidly changing business environment

recognise the ethical issues arising in the course of performing tax work and identify the obligations the UK system of taxation imposes on taxpayers and the implications for taxpayers of non-compliance

Introduction to Bookkeeping and Principles of Bookkeeping Controls

and the provision of information to assist management decision-making and policy formulation

followed by how the finance function interacts with other business functions

Although consideration of ethical dimensions is integrated into two Professional 1 and all papers at the Professional 2 Level